Crude has been traveling in a nice channel. Now at channel support and recent support. Recently invalidated ABCD as well. So unless there is a PRZ near by , nothing stops crude from reaching 62.
INFY IS FORMING A CHANNEL ON 30 MIN CHART. MACD IS CONSOLIDATING WE MAY SEE A BOOM MOVE
INFY IS FORMING A RAISING WEDGE. CREATE SHORTS AT UPPER CHANNEL AND CLOSELY WATCH FOR THE LOWER TREND LINE. FOR NOW ONE CAN SIT ON SHORTS AS THE MOMENTUM IS DYING
INFY IS FORMING A RAISING WEDGE. CREATE SHORTS AT UPPER CHANNEL AND CLOSELY WATCH FOR THE LOWER TREND LINE. FOR NOW ONE CAN SIT ON SHORTS AS THE MOMENTUM IS DYING
USD INR corrected heavily . The Trade deficit eased because of low crude oil price. But the crude oil will not stay at these levels and it will gain 50$ level no sooner. And Fed to increase interest rates this year we can expect much action ahead. The pair is holding the channel as support since 02-2015 very well.So this is a opportunity to go long